Price for Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $2,944 per ton in 2022, picking up by 4% against the previous year. Overall, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30%. As a result, import price reached the peak level of $4,504 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($5,138 per ton), while the price for India ($1,593 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $5,160 per ton, rising by 9.9% against the previous year. In general, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. The export price peaked at $6,621 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($8,333 per ton), while the average price for exports to the UK ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; mixtures of 2 or more products of the same heading, when their volume decreased by -12.4% to 17 tons. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 54%.
In value terms, imports of spices; mixtures of 2 or more products of the same heading shrank to $49K in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, imports attained the peak of $55K. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 3.7 | 7.7 | 10.4 | 27.0 | 94.0% |
Poland | 2.0 | 3.3 | 3.1 | 7.7 | 56.7% |
India | 0.4 | 1.0 | 0.3 | 4.6 | 125.7% |
United Kingdom | 0.8 | 0.8 | 2.7 | 3.8 | 68.1% |
Brazil | 2.8 | 5.7 | 7.3 | 3.4 | 6.7% |
United States | 0.6 | 0.9 | 0.5 | 1.8 | 44.2% |
Germany | 1.0 | 4.5 | 2.6 | N/A | 61.2% |
Lebanon | 1.0 | 0.1 | 1.0 | N/A | 0.0% |
South Africa | 1.8 | 1.7 | 0.9 | N/A | -29.3% |
Taiwan (Chinese) | 4.1 | 5.9 | 3.8 | N/A | -3.7% |
Others | 19.0 | 23.5 | 21.6 | 1.0 | -62.5% |
Total | 37.4 | 55.0 | 54.2 | 49.4 | 9.7% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Uruguay in 2022:
- Egypt (9.8 tons)
- India (2.9 tons)
- Poland (1.5 tons)
- Brazil (1.2 tons)
- United Kingdom (0.8 tons)
- United States (0.4 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay
For the third year in a row, Uruguay recorded decline in shipments abroad of spices; mixtures of 2 or more products of the same heading, which decreased by -24.2% to 25 kg in 2022. In general, exports continue to indicate a abrupt decrease. The smallest decline of -10.6% was in 2020.
In value terms, exports of spices; mixtures of 2 or more products of the same heading reduced remarkably to $129 in 2022. Overall, exports recorded a significant decrease. The smallest decline of -14.7% was in 2020.
Export of Spices; Mixtures of 2 or More Products of the Same Heading in Uruguay (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 101 | 132 | 92.0 | 90.0 | -3.8% |
Spain | 56.0 | 51.0 | 36.0 | 25.0 | -23.6% |
Canada | 36.0 | 29.0 | 18.0 | 12.0 | -30.7% |
United Arab Emirates | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
United Kingdom | 2.0 | 1.0 | 1.0 | 1.0 | -20.6% |
Others | 56.0 | 1.0 | 7.0 | N/A | -64.6% |
Total | 252 | 215 | 155 | 129 | -20.0% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Uruguay in 2022:
- United States (18.0 kg)
- Spain (3.0 kg)
- Canada (2.0 kg)
- United Arab Emirates (1.0 kg)
- United Kingdom (1.0 kg)
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